Mitsubishi to buy 30% stake in Australia's bauxite project from Glencore

Mitsubishi to buy 30% stake in Australia's bauxite project from Glencore

Photo: Reuters

Japanese trading house Mitsubishi Corp said on Thursday it has agreed to buy a 30% stake in the Aurukun bauxite project in Australia from mining giant Glencore Plc GLEN.L for an undisclosed sum.